187+ Lawyers are online 
INCOME TAX SECTION 234F - Fee for default in furnishing return of income
Description
(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of the said section, he shall pay, by way of fee, a sum of,-
(a) five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year;
(b) ten thousand rupees in any other case:
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.
(2) The provisions of this section shall apply in respect of return of income required to be furnished for the assessment year commencing on or after the 1st day of April, 2018.]
Click here to read more from the Income Tax Act
Related Questions
How can I quash the FIR by compromise with the complainant?
I have come to terms with the person who had filed a criminal complaint against me and now they are willing to compromise with me. How can the FIR aga…
How can I get bail in a non bailable offence?
I have been framed in a case by some people and the Police is saying that the charges against me are non bailable in nature. How can I get bail in a n…
In how much time is a bail / anticipatory bail granted?
If we apply for an anticipatory bail or a regular bail, in how much time can this be granted?…
When and where can I apply for anticipatory bail?
When and where can I apply for an anticipatory bail in case someone has filed criminal complaint against me and Police may have registered an FIR?…
